2012 @PhilanthropyNY ANNUAL REPORT

#PNYpeople*

6 New Ways Member Engagement Checklist

4 Member Engagement Profiles

Top 10 Programs of 2012

How You’re Raising Philanthropy’s Voice

4 Networking Stars

$$$ by the Numbers for Members to Engage 286 Members Who Make It All Possible

Zero Degrees Vets Conf Gettin’ Schooled

of Separation Draws Big Leaders Together Use This Report as a Tool A Message from Ronna Brown and Mark Bodden

This year, we’re doing two things that are a little of each member organization and asked them different with our annual report. With the sub- to reflect on it. We got dozens of responses and stance of the content, we are using the report to the Member Engagement Profiles contained in look not just on the accomplishments of our orga- this report are the result. We’ll be creating more nization, but to shine a spotlight on the many ways Member Engagement Profiles and placing them in in which our members utilize our programming, a special section of our website. One of the most networking opportunities and public policy work gratifying parts of the process so far has been the to maximize their engagement with the rest of the feedback from many members saying that they are philanthropic community, the larger nonprofit sec- going to use the Member Engagement Checklist tor and government. with their staff to encourage them to take fuller advantage of their membership. In a time of scarce resources, we want to make sure our member organizations are getting the most out The other thing we’re doing differently this year of their involvement with Philanthropy New York. is stylistic. We’ve taken our design cues from For some members, it is enough to know that their the proliferating and increasingly popular news dues support the organization that functions as the aggregation sites that have become known for @ voice of the region’s philanthropic community and their enumeration of trivial, but highly entertain- is a central meeting place for foundation profes- ing fluff with headlines like “12 Awesome Pictures sionals. But many of our members utilize dozens of Cats on Vacation” and “The Worst Reviews of of our services and benefits. We’ve positioned this Best Picture Nominees.” Our objective is to have a annual report as a tool for members to figure out little fun with the innumerable ways members are which of Philanthropy New York’s vast array of engaging with their philanthropic colleagues and services they can use even more. taking full advantage of their Philanthropy New Ronna Brown Mark Bodden York membership. As part of the process of creating this report, we President Board Chair developed a Member Engagement Checklist (see We hope you enjoy this report! Please let us know @ronnabrown Vice President/Director, page 3). We reached out to the official liaison what you think. Rudin Foundations

PHILANTHROPY NEW YORK 2012 ANNUAL REPORT 02 How many more ways can you take Membership Engagement Checklist advantage of your PNY membership?

How many more ways can your organization ✓✓ Get involved in special policy projects ✓✓ Participate in these professional interest take advantage of Philanthropy New York (grant funded) that aim to increase public groups run by Philanthropy New York: dialogue on issues of particular concern to membership? • CEO Roundtables the philanthropic community, such as the “Education Funders Research Initiative” • Corporate Foundation/CSR Leaders 1 Programming ✓✓ Suggest new policy working groups for issues • Foundation Administrators Network that significant numbers of members are • Public Policy Communicators NYC ✓✓ Regularly attend programs that will increase interested in and would benefit from more knowledge and skills philanthropic coordination • Social Media Club for Grantmakers and Nonprofits ✓✓ Lead program panels as a speaker or moderator Service for Impact (volunteerism interest) 3 Peer Interactions • ✓✓ Be a program developer or initiator • Young Leaders Breakfast Club ✓✓ Encourage staff new to philanthropy to attend ✓✓ Serve on the Board of Directors or one ✓✓ Meet and have cocktails with colleagues at the the intensive “Essential Skills and Strategies of its committees: monthly Documentary Film Series for New Grantmakers” 3-day training • Executive Committee ✓✓ Seek out personal introductions to other ✓✓ Attend PNY’s Annual Meeting — the region’s • Committee on Members grantmakers with common interests largest policy and networking event for funders • Committee on Directors 4 Information Sharing ✓✓ Watch live-feed broadcasts of our more high- • Communications Committee profile public programs • Audit Committee ✓✓ Submit organizational news for • Finance Committee Currents, Philanthropy Connects and Policy Development PhilanthropyNewYork.org 2 • Increasing Diversity in Philanthropy Committee ✓✓ Write blog posts for Smart Assets, or submit ✓✓ Members can suggest issues that PNY’s commentary on posts of other members Public Policy Committee should explore, which • Public Policy Committee ✓✓ Interact with @PhilanthropyNY and fellow might lead to the creation of an issue guide • Strategic Planning Committee on the topic and/or PNY eventually taking an members on Twitter and participate in official position ✓✓ Participate in these issue-based working “tweet team” events groups run by Philanthropy New York: ✓✓ Submit commentary on pending policy ✓✓ Submit your organization’s upcoming events positions being considered by PNY • Education Working Group for the PNY Community Events calendar ✓✓ Participate in PNY’s meetings with key • Health Policy Working Group ✓✓ Submit your organization’s research, reports and other notable writings for government officials • Funders of Women & Girls Network PNY’s resource listings ✓✓ Join PNY staff in meetings with New York’s • International Grantmakers Network congressional delegation during Foundations on the Hill

PHILANTHROPY NEW YORK 2012 ANNUAL REPORT 03 Membership Engagement Checklist

✓✓ Family Philanthropy Online Knowledge Center ✓✓ Discounts from GrantCraft, MicroEdge and 5 Services others ✓✓ Peer-to-Peer resources — an array of advice and tools covering the full scope of foundation ✓✓ Access through PNY to Foundation Directory ✓✓ Fiscal sponsorship of member-driven projects administration and grantmaking — from health Online Professional information insurance to legal matters, from site visits to ✓✓ One-on-one consultations with PNY staff on ✓✓ Access to searchable resources from partner evaluation strategies — compiled by PNY from any topic of concern to members Regional Associations across the nation among our foundation members ✓✓ Free use of PNY Conference facilities ✓✓ Search by topic our listings of countless ✓✓ Consultant & vendor recommendation lists ✓✓ Salary Survey — New York City data, updated reports, PowerPoint presentations and other annually, on compensation at all professional ✓✓ Staff expertise — timely responses to questions materials associated with programs and levels throughout the philanthropic field on all subcategories, access to other experts partner organizations ✓✓ Tax-Deferred Annuity Program ✓✓ Job listings ✓✓ Discounts on conferences (up to 50%!) listed on our online calendar ✓✓ Long-term Care Insurance ✓✓ PNY Member Directory ✓✓ Top-line foundation data ✓✓ Common Grant Application and Grant Report

PHILANTHROPY NEW YORK 2012 ANNUAL REPORT 04 Six New Ways for Members to Engage in 2012

We’re always thinking of new ways for our Coordinating the Philanthropic Public Policy Communicators NYC members to connect and share. Here are a few 3 Response to Hurricane Sandy 5 that were offered for the first time in 2012. In the days and weeks after Sandy swept through This five-year-old local affinity group of nonprofit the region, hundreds of people from our member and foundation communications professionals is Submitting Commentary 1 on our Public Policy Positions organizations participated in half-a-dozen confer- now officially a project of Philanthropy New York. ence calls PNY organized to help them coordi- Many of our members took advantage of PPC- We have developed a formal process for taking nate their efforts and learn from government and NYC’s informative programming in 2012, meeting official positions on pressing policy concerns for nonprofit leaders involved in direct response. Our to discuss topics like election-year messaging, our sector. One of the most important parts of members have responded to the disaster in inno- the potential of nonprofit journalism, and the that process is opening the discussion to all of vative ways too numerous to list. Philanthropy effectiveness of Twitter — and share best practices our members, giving them the chance to weigh in New York created a dedicated webpage on Sandy and the latest technologies with their communi- on the topic. We solicited member input through relief and recovery to broadcast our members’ cations peers. email and our Smart Assets blog when we consid- giving stories, important news updates and other ered supporting the simplification of the federal resources. This information-sharing paved the 6 Tweet Teams! excise tax on private foundations. The process way for several collaborative programs in 2013. went smoothly and we anticipate more engage- At many of our programs, our members have ment with members on policy issues that concern Contributing to the Education contributed their voices to our social media the philanthropic sector. 4 Funders Research Initiative efforts — commenting on the proceedings in the Several of our member foundations are partici- room, forwarding questions from people follow- Getting Involved in the Funders pating in this project — developed by a subset of ing our sessions via livestream and immediately 2 of Women & Girls Network our Education Working Group — which will sup- disseminating the important ideas and conversa- Over the past year, membership in the Funders port the creation of three white papers that will tions that are an integral part of our program- of Women & Girls Network — which is commit- provide the next mayoral administration with a ming. Our Tweet teams were also an essential ted to raising awareness of the status of women review of the impact of New York City education part of our 2012 Annual Meeting, giving those and girls in New York City and ensuring continu- reform efforts over the last decade. Our mem- who couldn’t attend the event access to our ing investment in them — has grown steadily. This bers will also collaborate on communications and breakout sessions before the main panel. It’s easy group of funders is developing programming and outreach strategies for the project, helping us to become a PNY Tweet Team member — and we learning opportunities related to economic secu- participate in the public discourse on education hope that more of our members will join us on rity, safety from sexual assault and domestic vio- reform in a timely and nonpartisan way. social media during the year ahead! lence, women’s leadership across society, health and well-being, and access to education (with a focus on coaching and mentoring girls).

PHILANTHROPY NEW YORK 2012 ANNUAL REPORT 05 Member Engagement Profile

The New York Community Trust Is Deeply Involved THE NEW YORK COMMUNITY in Program Development at Philanthropy New York TRUST ENGAGES in the Philanthropic Community “I have served on the Philanthropy New York board for five years. The Trust’s President, Lorie Slutsky, is a member of the PNY Public Programming: Policy Committee, and many of our staff members are involved in ✓✓ Regularly attends programs that increase knowledge and skills a host of programmatic activities at PNY. We consider engagement ✓✓ Leads program panels as a speaker or with the philanthropic community through our regional association moderator to be an essential element of being a community foundation.” ✓✓ Acts as program developers and initiators

GAY YOUNG, VICE PRESIDENT OF DONOR SERVICES, ✓✓ Attends PNY’s Annual Meeting THE NEW YORK COMMUNITY TRUST Policy Development:

With its staff of fifty, The New York Community the Education Funders Research Initiative. This ✓✓ Suggests issues that PNY’s Public Policy Committee should explore, which might Trust is engaged at many touch points across PNY. initiative formed in 2012 and is on track in 2013 lead to the creation of an issue guide on the The Trust has also been a key partner in several to deliver a series of white papers on the results topic and/or PNY eventually taking an official crucial programmatic initiatives in the past year. of a decade of education reform efforts in position New York City. When Philanthropy New York committed to pre- ✓✓ Submits commentary on pending policy positions being considered by PNY senting a conference for funders on the needs The New York Community Trust staff participates of veterans returning to the region from Iraq and in programming at Philanthropy New York in more ✓✓ Participates in PNY’s meetings with key government officials Afghanistan, we knew we had to work closely with ways that we can count. They are regular present- The Trust for it to be a success. It had established ers and moderators. Staff members often sug- ✓✓ Joins PNY for Foundations on the Hill the New York City Veterans Fund and has been gest topics for programs and, of course, regularly ✓✓ Gets involved in special policy projects working extensively on veterans’ issues, including attend them. And they are even regular attendees (grant funded) that aim to increase public dialogue on issues of particular concern to health, education, career, family and other priori- at the PNY Documentary Film Series at the Ford the philanthropic community, such as the ties. That conference, “The New Rapid Deployment: Foundation. “Education Funders Research Initiative” Resources for Returning Veterans,” would not have The Trust staff has also helped develop our public been possible without both funding and planning policy work. Aside from The Trust’s President assistance from the staff of The Trust. Lorie Slutsky serving on the PNY Public Policy The Trust has also been deeply involved in PNY’s Committee, its staff have attended PNY-organized Education Working Group and, through the Donors meetings with public officials, submitted comments Education Collaborative, a central contributor to on pending policy positions being considered by

PHILANTHROPY NEW YORK 2012 ANNUAL REPORT 06 Member Engagement Profile

PNY and suggested topics our policy work should PhilanthropyNewYork.org. They have written many Peer Interactions: address. Trust staff have joined us on our trips to posts for Smart Assets and have been contribu- ✓✓ Serves on these committees Washington, D.C. for Foundations on the Hill. And, tors to comment threads when we use the blog and working groups: in addition to being involved in PNY’s Education to develop online conversations among members. • Board of Directors Working Group, The Trust’s staff has been involved And The Trust’s Twitter team interacts with us • Committee on Members in the Health Policy Working Group and the online on a regular basis. Funders of Women and Girls Network. • Public Policy Committee Even though The Trust has beautiful office space • Education Working Group But their engagement goes way beyond just policy- of its own, it occasionally uses our free confer- • Health Policy Working Group related interests. The Trust’s staff is involved in PNY’s ence facilities for off-site meetings. And, like most Committee on Members, our CEO Roundtables and members, it utilizes our online jobs board to post • Funders of Women and Girls Network the Young Leaders Breakfast Club. openings. ✓✓ Participates in these professional interest groups: The Trust produces a lot of news, and fully utilizes The New York Community Trust is a leader in the • CEO Roundtables our information dissemination services. They region’s philanthropic community and it maximizes submit organizational news for our two monthly its membership in Philanthropy New York to con- • Young Leaders Breakfast Club newsletters and their news regularly appears on nect in countless ways. ✓✓ Attends Documentary Film Series

Information Sharing: ✓✓ Submits organizational news for Currents, Philanthropy Connects and PhilanthropyNewYork.org ✓✓ Interacts with @PhilanthropyNY and fellow members on Twitter ✓✓ Submits the organization’s upcoming events for the PNY Community Events calendar ✓✓ Submits the organization’s reports and other notable writings for PNY’s resource listings

Services: ✓✓ Free use of conference facilities

✓✓ Job listings The New York Community Trust was ✓✓ PNY Member Directory one of the main supporters of our December 2012 conference focusing on support for returning veterans.

PHILANTHROPY NEW YORK 2012 ANNUAL REPORT 07 Top Ten Programs You May Be Sorry You Missed

We offered 174 programs last year, so it’s possible The 2012 Election with MSNBC’s 4 A Conversation with Jennifer Buffett you might have missed a few! Here are some of 3 Chris Hayes: Power Tools to Build and Robert F. Sherman the groundbreaking sessions that resonated the a Better Democracy NoVo Foundation President Jennifer Buffet and most with our members in 2012. Chris Hayes and our colleagues from the Partici- Director of Social and Emotional Learning Robert patory Politics Foundation, Demos, Document- Sherman discussed innovative approaches for The New Rapid Deployment: Cloud and Media Impact Funders explored our supporting girls and women worldwide and 1 Resources for Returning Veterans society’s current distrust and distaste for politics- NoVo’s promotion of the “girl effect” — the eco- Funders and veterans’ advocates came together as-usual and shared new strategies for a more nomic and social empowerment of adolescent for a daylong conference, hosted generously by transparent and inclusive political process. girls in the developing world that results in a Trinity Wall Street and The New York Community ripple effect of positive change. Trust, that highlighted some of the most creative and successful initiatives for supporting our returning veterans and their urgent needs, includ- ing mental health, employment and education.

Philanthropy New York’s 2 Documentary Series

Whether it was an openly gay man becoming one of the most important bishops in America, the growth of the Occupy Wall Street movement, the ongoing consequences of the War on Drugs, one couple’s fight for their marriage going all the way to the Supreme Court, or an Academy Award- winning search for an internationally beloved musician, the Philanthropy New York Documen- tary Series continued to share powerful and grip- ping real-life stories with our members, thanks to our partners at the Ford Foundation.

PHILANTHROPY NEW YORK 2012 ANNUAL REPORT 08 Top Ten Programs You May Be Sorry You Missed

stimulating conversation on the best ways for Pathways to Economic Mobility: Decision of the Century: 5 How Can Philanthropists Help How Will Philanthropy Respond nonprofits and foundations to engage artists and the Poor Build Wealth? 8 to the Supreme Court Ruling on other icons and increase the public visibility of the Health Care Reform Act? philanthropy and fundraising. During this collaborative event with The Phi- lanthropy Roundtable, leaders from the philan- Immediately following the historic ruling on the thropic and nonprofit sectors came together Affordable Care Act, health care funders and Putting a Human Face on the Fiscal Cliff for Nonprofits and Foundations: A Post- with financial services industry leaders to explore policy experts explained the Court’s decision and 10 Election Reality Check with Tim Delaney strategies to help low-income workers pursue the role philanthropy can play on the national economic independence through financial devel- and state level as the ACA moves toward The CEO of the National Council of Nonprofits opment and wealth building. implementation. explained the rapidly approaching sequestration process to our members and exactly what the mandatory budget cuts called for by Congress Changing the System: Effective Strategies Star Power: Achieving Impact 6 for Grassroots Activism to Make NYC More 9 by Working Effectively with would mean for social services providers, the Fair, Just and Compassionate Celebrities (Featuring Kevin Bacon) nonprofit sector and the communities they serve.

Funders and activists discussed how they have The celebrated actor and musician joined us advocated for and supported the disenfran- and our colleagues from Commit Media, Media chised in our city and how foundations can help Impact Funders and Network for Good in a strengthen the leadership and resources needed for grassroots-led movements and social change.

The Nuts, Bolts & Art of Networking 7 with David Schachter

Schachter, the Assistant Dean for Student Affairs at NYU Wagner and an Advisory Board Member of Idealist.org, led members in an interactive ses- sion for young professionals to learn more about networking and relationship-building and prac- tice those skills in a safe space with their peers.

PHILANTHROPY NEW YORK 2012 ANNUAL REPORT 09 Member Engagement Profile

Citi Foundation Went Above and Beyond CITI FOUNDATION ENGAGES by Hosting PNY’s Annual Meeting in 2012 in the Philanthropic Community

“Philanthropy New York is synonymous with sharing innovation, Programming: best practices and partnership, and we greatly value our relation- ✓✓ Regularly attends programs that increase ship. In fact, every year, our team finds news ways to participate knowledge and skills in the networking and peer learning opportunities offered by our ✓✓ Leads program panels as a speaker or moderator membership.” ✓✓ Acts as program developers and initiators PAM FLAHERTY, PRESIDENT & CEO, CITI FOUNDATION ✓✓ Staff attends Essential Skills and Strategies for New Grantmakers intensive training ✓✓ Attends PNY’s Annual Meeting ✓✓ Hosted PNY’s Annual Meeting In many ways, the Citi Foundation’s engagement John King and New York City School Chancellor with the broader philanthropic community is fairly Dennis Walcott. By hosting our Annual Meeting, Peer Interactions: typical — its staff regularly attends PNY programs Citi showed the commitment that philanthropy can ✓✓ Participates in these working groups: to learn from peers, networks with colleagues have to nationwide policy work. • International Grantmakers Network at our Documentary Film Series and posts job But Citi didn’t just host the Annual Meeting. Its ✓✓ Participates in these professional interest announcements to identify new talent. But the team is highly engaged with Philanthropy New groups: Foundation stood out among our members when it York all year long. The Citi Foundation sent staff to • Service for Impact (volunteerism interest) hosted PNY’s Annual Meeting at Citi’s headquarters present and attend the intensive, three-day training last spring. ✓✓ Attends Documentary Film Series program “Essential Skills and Strategies for New While few have access to meeting space for some Grantmakers.” Program Officer Jasmine Thomas Information Sharing: 300 people, Citi volunteered its offices, staff and acted as an instructor for ESS and also developed a ✓✓ Submits organizational news for suite of resources to help us deliver an ambitious PNY program on the key components of an effec- Currents, Philanthropy Connects and and logistically complex annual event. The half- tive grant recommendation. They are also active PhilanthropyNewYork.org day program focused on education reform and contributors to the International Grantmakers ✓✓ Interacts with @PhilanthropyNY and fellow featured U.S. Secretary of Education Arne Duncan, Network and Service for Impact (the group of members on Twitter New York State Commissioner of Education funders working to increase volunteerism). Services: ✓✓ Job listings

PHILANTHROPY NEW YORK 2012 ANNUAL REPORT 10 Four Members Who Are Bringing Their PNY Connections Back to Their Organizations

At Philanthropy New York, we believe it is important not just to present infor- CASSIUS O. JOHNSON, Program Officer, New School Designs mation, but to provide the time and space for relationships within the philan- 3 for K–16 Pathways, Carnegie Corporation of New York thropic community to grow. Whether it’s the Young Leaders Breakfast Club, CEO Roundtables, Documentary Film Series or the countless other learning “As someone who has extensive nonprofit experience, but opportunities we present, we know that our members come together not just is new to the philanthropic sector, the Essential Skills and to get information but to connect with colleagues on a deeper level. Strategies for New Grantmakers program gave me not only a grounding in “the pieces of the practice” of philanthropy, 1 ANIKA RAHMAN, but illustrated the most important aspects of my role as a President & CEO, Ms. Foundation for Women program officer. I could also tell by the end of our three-day- “Philanthropy New York’s series of CEO lunches, in addition course that the more career experience (both in and out of philanthropy) to being a convenient and pleasant way to meet with my that students and teachers brought to ESS, and the more they were willing peers, has served as an informal support group gathering. It to share, the more effective learning there was for everyone. It was definitely has been helpful to me to meet leaders of other philanthropic a great use of our very limited time as foundation professionals, and the organizations in a casual setting and to share ideas and solu- energy and enthusiasm of everyone in the room really came through.” tions to address the common challenges we face. I also appre- ciate the diverse nature of those present, such as CEOs from family founda- M. ANNETTE ENSLEY, Director of Administration 4 and HR, Nathan Cummings Foundation tions, corporate foundations and other public foundations, many of whom I might not otherwise have met on a regular basis. Although we lead different “Twenty-three years ago, as I was starting at a newly formed types of foundations, we are all executives who can provide each other with a foundation that was still developing its staff, policies, culture multitude of perspectives that can assist us to be better leaders.” and programs, I hoped for a community that could brain- storm together, share ideas and experiences, and talk about 2 TRUPTI PATEL DOSHI, M.P.A., the highly nuanced work of human resources. I realized that I Senior Grants Manager, The Commonwealth Fund would have to help create it, and so I co-founded the Foun- “The Young Leaders Breakfast Club was a wonderful opportu- dation Administrators Network. Over time, it has proven to be enormously nity to reach out to other young professionals working in phi- helpful to have the recommendations I make to my foundation backed by lanthropy and hear more about their experiences in the field. research from foundations of similar mission and values. Looking back on Having a dedicated space for networking — and all the ele- the eve of my retirement, I feel like FAN has been a child that I have watched ments that go along with it — is incredibly valuable. In addition, grow and mature over the years. Building in the component for mentoring the Club helped me achieve one of my own professional goals: the newer members to this profession was quite rewarding. FAN became that to learn more about board service and what that entails. I was able to use the trusted safe space to have conversations about the nature (and difficulties) advice I received and the lessons I learned to join the board of a nonprofit orga- of our work. The knowledge, wisdom and sincerity (and fun!) we have shared nization myself. Being able to bring my goals to a gathering like the Breakfast online, over the phone and in person have helped all of us do our work better Club, and get that kind of direct counsel, is an immense career benefit.” and better serve our organizations — and it wouldn’t happen without the sup- port of Philanthropy New York.”

PHILANTHROPY NEW YORK 2012 ANNUAL REPORT 11 Member Engagement Profile

The Ford Foundation Demonstrates that Even Foundations with the THE FORD FOUNDATION ENGAGES Most Resources Take Advantage of Opportunities Small and Large in the Philanthropic Community

“The Ford Foundation is a strong believer in collaboration among Programming: funders, and Philanthropy New York creates countless ways for ✓✓ Regularly attends programs that increase knowledge and skills us to connect. We support PNY and PNY really supports us, too. ✓✓ Leads program panels as a speaker or After reviewing the engagement checklist, I was reminded of just moderator how many ways our staff participates in this vibrant community.” ✓✓ Acts as program developers and initiators

KEN MONTEIRO, ASSISTANT SECRETARY AND ✓✓ Attends PNY’s Annual Meeting ASSOCIATE GENERAL COUNSEL, FORD FOUNDATION Policy Development: ✓✓ Suggests issues that PNY’s Public Policy Ford Foundation staff make full use of Philan- project organized by Philanthropy New York that Committee should explore, which might thropy New York’s resources and have been very will review the progress of education reform in New lead to the creation of an issue guide on the involved in our programming, participating regu- York City over the past decade. When the papers topic and/or PNY eventually taking an official larly as planners, speakers and moderators. They are complete, we will deliver the findings to the position have played important roles in our policy work as next Mayor and Chancellor. ✓✓ Submits commentary on pending policy well — including serving on our Public Policy Com- positions being considered by PNY The Ford Foundation is deeply committed to col- mittee, suggesting policy issues to pursue, submit- ✓✓ Participates in PNY’s meetings with key laborating with its peers and supporting the devel- ting commentary on pending policy positions and government officials opment of the philanthropic community in our participating in informational meetings with key ✓✓ Gets involved in special policy projects region. Its staff members serve in many capacities government officials. (grant funded) that aim to increase public on Philanthropy New York’s Board and committees, dialogue on issues of particular concern to The foundation has been an outstanding leader in including the Communications Committee and the philanthropic community, such as the collaborative efforts with other funders concerned the Public Policy Committee, and they are major “Education Funders Research Initiative” about education issues, and its contributions to contributors to groups like our CEO Roundtables, ✓✓ Suggests new policy working groups for the Education Working Group (which is co-chaired Foundation Administrators Network, Public Policy issues that significant numbers of members are interested in and would benefit from more by Ford Foundation Program Officer Fred Frelow) Communicators NYC (which Ford has hosted for philanthropic coordination have been invaluable. Recently, it joined about 16 four years) and the Young Leaders Breakfast Club. education funders to work on a special white paper The foundation has also taken the lead in helping Peer Interactions: ✓✓ Serves on these committees and working groups: • Board of Directors

PHILANTHROPY NEW YORK 2012 ANNUAL REPORT 12 Member Engagement Profile

develop a new group called the Social Media Club As the checklist here makes clear, the Ford Foun- • Committee on Members for Grantmakers and Nonprofits, which uses social dation takes advantage of its membership in lots of • Communications Committee media to advance the member organizations’ work. other ways, too—and demonstrates how collabora- • Public Policy Committee And finally, our immensely popular Documentary tion can unlock the full potential of Philanthropy • Education Working Group Film Series owes its origins to Ford, which now New York’s many resources. ✓✓ Participates in these professional interest hosts the series at its auditorium. groups: • CEO Roundtables • Foundation Administrators Network • Public Policy Communicators NYC • Social Media Club for Grantmakers and Nonprofits • Young Leaders Breakfast Club ✓✓ Acts as partner on Documentary Film Series

Information Sharing: In Partnership with Ford Foundation’s JustFilms ✓✓ Submits organizational news for Currents, Philanthropy Connects and PhilanthropyNewYork.org ✓✓ Interacts with @PhilanthropyNY and fellow Searching for Sugarman members on Twitter Detropia ✓✓ Submits the organization’s upcoming events for the PNY Community Events calendar The House I Live In ✓✓ Submits the organization’s research, reports and other notable writings for PNY’s resource listings While We Watch One Day on Earth Services: ✓✓ Fiscal sponsorship of member-driven projects The Loving Story ✓✓ Salary Survey ✓✓ Job listings Give Up Tomorrow ✓✓ PNY Member Directory Love Free or Die

PHILANTHROPY NEW YORK 2012 ANNUAL REPORT 13 Ten Ways PNY Amplified Philanthropy’s Voice in 2012

Took philanthropy’s concerns for a discussion that produced great insights for ducted a first funder coordination call. Over the 1 to the halls of Congress our members as well as the panelists themselves. next two months, we held weekly calls for funders With probing discussion moderated by WNYC’s with Federal, State and City government offi- We developed materials that highlighted the education correspondent Beth Fertig, we were cials. We helped our members organize around work of our members for our Foundations on the able to identify key areas of agreement and specific topics of interest. We also brought Hill meetings last year. And after those meet- notable differences in strategy. together representatives from all of the organi- ings, four of our local representatives joined zations that were raising funds for regranting to the congressional Philanthropy Caucus for the Helped our education funders nonprofits working on Sandy relief. Nearly all of first time. Sen. Charles Schumer was already the 3 get deeper into reform policy our coordination meetings involved government Co-Chair of the Senate Philanthropy Caucus, but officials from key agencies. Philanthropy New no local Representatives were members of the Since 2008, PNY has facilitated the Education York will continue throughout 2013 to ensure that House Philanthropy Caucus. Following our meet- Working Group, which has presented program- the issues of concern to philanthropy are heard ings, Sen. Kirsten Gillibrand and Reps. Yvette ming of interest to a wide range of funders. among government officials leading the short- Clarke (D-NY9), Carolyn Maloney (D-NY12), José A subset of that group, about 16 foundations term response and long-term resiliency planning. Serrano (D-NY15) and Ed Towns (D-NY10, now employing a diverse range of education reform retired) joined the Philanthropy Caucus. We met strategies, has come together to develop the with several other Congressional offices (includ- “Education Funders Research Initiative” that will ing Reps. Nydia Velázquez, Jerrold Nadler and examine how effective the New York City school Nita Lowey) to press for greater understanding system has been in producing greater levels of the role of philanthropy and key legislative of college and career readiness in our student concerns for the sector. population. We began fostering the funder con- versations and helped to solidify this project in the summer of 2012, but the fruits of this initia- Brought Washington to New York City 2 tive — which will produce a set of three white papers and a coordinated public and leader On just about any issue you can name, the information campaign — will play out in the interplay of Federal, State and City government second half of 2013. is complex, and an understanding of those fac- tors is essential in making progress. Perhaps no Connected funders to issue illustrates that point better than educa- 4 Sandy recovery efforts tion reform. For PNY’s 2012 Annual Meeting, we brought together on one stage, for the first time After Hurricane Sandy swept through our region, Mary J. Hutchins Foundation Trustee Hildy ever, U.S. Secretary of Education Arne Duncan, there was confusion and a lot of questions. Even Simmons and Fund for Public Schools before we got back into our own offices, we had CEO Julia Bator speak with New York City New York Education Commissioner John B. King Department of Education Chancellor Dennis and New York City Chancellor Dennis Walcott a dedicated Sandy page on our site and con- Walcott at our 33rd Annual Meeting.

PHILANTHROPY NEW YORK 2012 ANNUAL REPORT 14 Ten Ways PNY Amplified Philanthropy’s Voice in 2012

Developed closer ties Collaborated even more ment supporting simplification of the excise tax. 5 to the Cuomo Administration 7 with other nonprofit advocates That official statement is now used in our meet- ings with federal officials when we talk about the Many in the nonprofit community were happy We worked in close coordination with the Non- concerns of the philanthropic community. to see Gov. Andrew Cuomo designate an Inter- profit Coordinating Committee of New York, the agency Coordinator for Nonprofit Services, only Human Services Council and others to weigh in Helped develop national the second state in the nation to create a cabi- on the Governor’s nonprofit directives and sev- 9 government relations strategies net-level position of this sort. He appointed Fran eral other issues over the course of the year. We Barrett, who has worked for both foundations are taking full advantage of our relationships with Our VP of Communications and Public Policy, and extensively in the nonprofit sector. Barrett those organizations to stay connected to the Michael Hamill Remaley, served on the joint sat down with PNY’s Public Policy Committee nonprofit issues that arise in Washington, Albany Council on Foundations/Forum of Regional shortly after being appointed, and she has stayed and City Hall to ensure that our members have all Associations of Grantmakers Government Rela- in close contact with us as she works to improve the information they need to act accordingly. tions Committee and represented our members’ the State’s relationships with the nonprofits that interests there. The joint committee helps lay out it relies upon so heavily. the long-term strategy for our sector’s efforts to Took our first policy position 8 raise the profile of philanthropic organizations and ensure that our concerns are heard in Wash- Contributed to Attorney After formalizing a process and hiring staff to 6 General’s work on nonprofits ington and beyond. lead PNY’s policy work in 2011, we were ready to PNY President Ronna Brown served on New move ahead. The first issue we took up was one Created a public policy York State Attorney General Eric Schneiderman’s we felt would be relatively uncontroversial but a 10 section on our website Leadership Committee on Nonprofit Revitaliza- good test of our process: simplifying the federal tion. When the AG issued the report “Revitalizing excise tax on private foundations. We started by We’re working on a brand new PNY website for Nonprofits: Renewing New York” last year, PNY developing an issue guide on the topic that laid 2013, but we couldn’t wait to provide better- issued an official statement alerting members to out the pros and cons and circulated it to our quality information to our members on a new its key provisions. The only item in the report spe- members. The Public Policy Committee debated Public Policy section of our existing website. It cifically aimed at the philanthropic sector — elimi- the issue and recommended taking a position in includes a full articulation of why we engage nating the unnecessary and costly law requiring favor of simplifying the excise tax. We thoroughly in public policy work, our process for taking a private foundations and trusts to publish news- engaged our members on the issue and solicited stand, a listing of all the issue-based working paper advertisements announcing the public feedback on both our website and through email. groups, issue guides we’ve developed, official availability of their annual reports — came about We shared all of that feedback with the board policy statements and lots of other materials that because of suggestions from PNY members. and gained board approval on an official state- are updated regularly.

PHILANTHROPY NEW YORK 2012 ANNUAL REPORT 15 Member Engagement Profile

This Small Family Foundation Is a Key Player in PNY’s Policy Work CRICKET ISLAND FOUNDATION ENGAGES in the Philanthropic “I was working in nonprofits for over 20 years before I came Community to the Cricket Island Foundation, so for me, being involved in Programming: Philanthropy New York’s public policy work is a great way to con- ✓✓ Regularly attends programs that increase tribute to the sector beyond the specific interests of my organi- knowledge and skills zation. Our work is very focused on youth, but our engagement ✓✓ Staff attends Essential Skills and Strategies with the philanthropic community through PNY helps us do so for New Grantmakers intensive training much more than we could otherwise.” ✓✓ Attends PNY’s Annual Meeting

ELIZABETH SAK, EXECUTIVE DIRECTOR, Policy Development: CRICKET ISLAND FOUNDATION ✓✓ Suggests issues that PNY’s Public Policy Committee should explore, which might You might think that the largest foundations with heavy hitters. As Philanthropy New York sets its lead to the creation of an issue guide on the dozens or hundreds of staff members are always priorities in developing issue guides on policy topic and/or PNY eventually taking an official position the ones that are most highly engaged in the Phi- topics, pursuing specific stands on some issues lanthropy New York community. But there is really and growing its relationships with key government ✓✓ Submits commentary on pending policy positions being considered by PNY no correlation between foundation size and level of officials, Liz is in the thick of it all. engagement. The Cricket Island Foundation is just ✓✓ Participates in PNY’s meetings with key In 2012, Liz also raised her voice on our Smart government officials one example of a relatively small family foundation Assets blog to talk about the need for new ($39 million in assets) that not only takes advan- ✓✓ Suggests new policy working groups for ways of thinking about supporting social justice issues that significant numbers of members tage of PNY’s many services, but is also a highly organizations. In a post titled “The Sky Really Is are interested in and would benefit from more active contributor to amplifying the sector’s voice philanthropic coordination. Falling . . . Now What?” Liz called attention to a new through our public policy work. working group of funders dedicated to supporting In addition to serving as a PNY Board Member, social justice organizations in several specific ways. Peer Interactions: Cricket Island Foundation Executive Director Liz In it, she said, “We believe that, as funders, we have ✓✓ Serves on these committees: Sak is member of our Public Policy Committee greater access and more relationships (as well as a • Board of Directors and has been an indispensable leader in helping us broader perspective) than any single organization • Public Policy Committee chart our course in this new territory. With a voice might and therefore can serve the field by turning that combines pragmatism and vivid aspiration, she our attention to its continued viability. The time for has provided an important perspective in an area action is now and we invite our colleagues to share that could have been dominated by philanthropic their ideas and join us in this Working Group.”

PHILANTHROPY NEW YORK 2012 ANNUAL REPORT 16 Member Engagement Profile

The Cricket Island Foundation is engaged in the Taking advantage of PNY’s many services is one ✓✓ Participates in these professional interest groups: philanthropic community through PNY in several of the things that small foundations are often the other ways. In addition to attending lots of pro- best at, and the Cricket Island Foundation is a • CEO Roundtables grams, the foundation’s staff regularly uses PNY to great example. The foundation uses our free-for- • Foundation Administrators Network seek out other foundations with similar interests members conference facilities, Salary Survey data, ✓✓ Seeks out personal introductions to other and programmatic goals. As a small funder dedi- peer-to-peer information resources, consultant grantmakers with common interests cated to the big mission of “developing the capac- and vendor recommendation lists, counsel from ity and commitment of young people to improve PNY staff on a host of professional issues, access Information Sharing: their lives and communities, as well as the world to information resources from regional associa- ✓✓ Submits organizational news for around them,” seeking out collaborative opportuni- tions across the nation and topical searches of our Currents, Philanthropy Connects and ties with other funders is always a priority. vast online trove of program resources, research PhilanthropyNewYork.org reports, PowerPoint presentations and the like. ✓✓ Writes blog posts for Smart Assets Cricket Island Foundation staff say that they get a lot of great information from their involvement The Cricket Island Foundation shows just how in the Foundation Administrators Network, which much more leverage a small foundation can have Services: attracts professionals from all different sizes of when it engages with the larger philanthropic ✓✓ Uses PNY’s free conference facilities foundations. In fact, the foundation completely community. It is also a great example of how much ✓✓ Salary Survey redesigned its financial statements based on mate- more a small foundation can do when it more fully ✓✓ Peer-to-Peer resources — an array rials its staff got from the FAN listserv. utilizes its membership in Philanthropy New York. of advice and tools covering the full scope of foundation administration and grantmaking — compiled by PNY from among our foundation members ✓✓ Consultant & vendor recommendation lists ✓✓ Staff expertise — timely responses to questions on all subcategories, access to other experts ✓✓ Accesses searchable resources from partner Regional Associations across the nation ✓✓ Searches by topic our listings of countless reports, PowerPoint presentations and other materials associated with programs and partner organizations Cricket Island Foundation Executive Director Liz Sak has served as a moderator for several Philanthropy New York programs and meetings.

PHILANTHROPY NEW YORK 2012 ANNUAL REPORT 17 286 Organizations that Believe in Philanthropy New York’s Mission

1661 Foundation The Bulova Stetson Fund Fifth & Pacific Foundation IDP Foundation, Inc. 21st Century Foundation — The Louis Calder Foundation Max M. & Marjorie S. Fisher Foundation Ittleson Foundation, Inc. Powered by Tides Capital One Ford Foundation Jarvie Commonweal Service 42nd Street Development Corporation Carnegie Corporation of New York Fordham Street Foundation Jerome Foundation The Achelis and Bodman Foundations Frank and Ruth E. Caruso Foundation Foundation for Child Development JESNA: The Jewish Education Rita Allen Foundation Casey Family Programs The Freeman-Harrison Family Foundation Service of North America Alpern Family Foundation, Inc. Centerbridge Foundation Fund for the City of New York Jewish Foundation for Altman Foundation The Century Foundation Gap Foundation Education of Women American Express Child Care and Early Education Fund Bernard F. and Alva B. Gimbel Foundation Jewish Women’s Foundation of New York Andrus Family Fund Citi Herman Goldman Foundation Johnson Family Foundation Arabella Advisors Citi Foundation The Joyce and Irving Goldman Johnson & Johnson Arcus Foundation The Clark Foundation Family Foundation Jonas Center for Nursing Excellence/ Catherine & Joseph Aresty Foundation The Edna McConnell Clark Foundation Goldman Sachs Office of Barbara & Donald Jonas Family Fund ASPCA Robert Sterling Clark Foundation Corporate Engagement J.P. Morgan Private Bank The Atlantic Philanthropies Coatue Foundation Edwin Gould Foundation Philanthropic Services Lily Auchincloss Foundation, Inc. The Commonwealth Fund William T. Grant Foundation JPMorgan Chase Foundation AXA Foundation Con Edison William Caspar Graustein Memorial Fund Elaine & William Kaplan Bank of America Charitable Foundation The Concordia Foundation The Greenwall Foundation Family Private Foundation The Bank of Tokyo-Mitsubishi UFJ, Ltd. The Covenant Foundation The William and Mary Greve The J.M. Kaplan Fund, Inc. The Barker Welfare Foundation Credit Suisse Americas Foundation Foundation, Inc. Kavelman Group Philanthropic Advisors The Bay and Paul Foundations The Cricket Island Foundation The Peter and Patricia Gruber Foundation The Esther A. & Joseph Bend the Arc: A Jewish The Frances L. & Edwin L. Harry Frank Guggenheim Foundation Klingenstein Fund, Inc. Partnership for Justice Cummings Memorial Fund Stella and Charles Guttman Susan G. Komen for the Cure The David Berg Foundation The Nathan Cummings Foundation Foundation, Inc. Greater New York City Affiliate Bessemer Trust The Dammann Fund, Inc. The John A. Hartford Foundation, Inc. Korean American Community Foundation Better Way Foundation Daphne Foundation The Merrill G. & Emita E. The Emily Davie & Joseph S. The Morton K. and Jane Deutsche Bank Americas Foundation Hastings Foundation Kornfeld Foundation Blaustein Foundation The Irene Diamond Fund Hau’oli Mau Loa Foundation Samuel H. Kress Foundation Bloomberg Cleveland H. Dodge Foundation, Inc. Edward W. Hazen Foundation, Inc. The Albert Kunstadter Family Foundation Bloomberg Philanthropies Geraldine R. Dodge Foundation William Randolph Hearst Foundations Lavelle Fund for the Blind, Inc. Blue Ridge Foundation New York Jean & Louis Dreyfus Foundation, Inc. The Heckscher Foundation for Children LCU Foundation BNY Mellon Foundation Doris Duke Charitable Foundation The Leona M. and Harry B. Frances Lear Foundation Booth Ferris Foundation The Dyson Foundation Helmsley Charitable Trust The Lester Fund Botwinick Wolfensohn Foundation Lucius and Eva Eastman Fund F.B. Heron Foundation Levitt Foundation Robert Bowne Foundation The ELMA Philanthropies Hess Corporation Leon Levy Foundation The Andrea and Charles Services (U.S.), Inc. Hoffman Brothers Foundation Long Island Community Foundation Bronfman Philanthropies The Elmezzi Foundation HSBC Bank USA, N.A. Lotus & Grain LLC The Samuel Bronfman Foundation EMPower — The Emerging The Charles Evans Hughes Leon Lowenstein Foundation, Inc. Brooklyn Community Foundation Markets Foundation Memorial Foundation, Inc. The Caroline M. Lowndes Foundation The Peter and Carmen Engineering Information Foundation Mary J. Hutchins Foundation, Inc. The Henry Luce Foundation, Inc. Lucia Buck Foundation Feinsod Herz Fund The Hyde and Watson Foundation Macquarie Group Foundation The William C. Bullitt Foundation The Fertel Foundation IBM Corporation Josiah Macy Jr. Foundation

PHILANTHROPY NEW YORK 2012 ANNUAL REPORT 18 286 Organizations that Believe in Philanthropy New York’s Mission

A. L. Mailman Family Foundation, Inc. The Overbrook Foundation The Scherman Foundation, Inc. Toyota Motor North America, Inc. Markle Foundation The Palette Fund Charles and Mildred Schnurmacher Parish of Trinity Church Grants Program Marsh & McLennan Companies The Patrina Foundation Foundation, Inc. Isaac H. Tuttle Fund The Mayday Fund Peter G. Peterson Foundation The Schott Foundation for UBS Financial Services Inc. John P. & Anne Welsh McNulty Foundation Pfizer Inc. Public Education Community Affairs Media Development Loan Fund Phillips Charitable Organizations Charles and Lynn Schusterman UJA-Federation of New York William M. & Miriam F. Meehan The Pinkerton Foundation Family Foundation Unbound Philanthropy Foundation, Inc. Posner-Wallace Foundation Edith M. Schweckendieck Trust Unitarian Universalist Veatch Merck Company Foundation The Prospect Hill Foundation SeaChange Capital Partners Program at Shelter Rock Mertz Gilmore Foundation Proteus Fund J.J. Segal Foundation United Hospital Fund MetLife Foundation QBE Foundation of the Americas Select Equity Group Foundation United Way of New York City Milbank Memorial Fund Paul Rapoport Foundation, Inc. SIFMA Foundation U.S. Trust The Lois H. and Charles A. The Rauch Foundation Sills Family Foundation van Ameringen Foundation, Inc. Miller Foundation Robert Rauschenberg Foundation The Sirus Fund Viking Global Foundation Joan Mitchell Foundation Reader’s Digest Foundation The Sister Fund The Laura B. Vogler Foundation, Inc. Mitsubishi Corporation Foundation Reader’s Digest Partners Alfred P. Sloan Foundation The Wallace Foundation for the Americas for Sight Foundation Paul and Daisy Soros Fellowships John A. & Mary Clare Ward Mizuho USA Foundation, Inc. Renova For New Americans Family Foundation Edward S. Moore Family Foundation, Inc. Revenue Watch Institute The Spingold Foundation, Inc. The Andy Warhol Foundation for the Morgan Stanley Charles H. Revson Foundation Seth Sprague Educational & Visual Arts Ms. Foundation for Women Fannie E. Rippel Foundation Charitable Foundation The Joseph LeRoy and MSBPhilanthropy Advisors, LLC Irene Ritter Foundation The Spunk Fund, Inc. Ann C. Warner Fund, Inc. Musicians Foundation, Inc. Laura A. Robbins Consulting State Street Corporation The Harry and Jeanette National Grid Foundation The Roche Foundation The Staten Island Foundation Weinberg Foundation The New York Community Trust The Rockefeller Archive Center The Steinhardt Foundation for Jewish Life Wellspring Advisors, LLC New York Foundation The Rockefeller Foundation Stonewall Community Foundation The Wenner-Gren Foundation New York Life Foundation The David Rockefeller Fund, Inc. Surdna Foundation The Westchester Community Foundation New York State Health Foundation Rockefeller Brothers Fund Target Corporation Wise Philanthropy The New York Stem Cell Foundation, Inc. Rockefeller Family Fund TCC Group Wolfensohn Family Foundation The New York Women’s Foundation Rockefeller Philanthropy Advisors TD Bank Zeldin Family Foundation Newman’s Own, Inc. Sunny and Abe Rosenberg The Teagle Foundation Stavros Niarchos Foundation Foundation, Inc. Tides Foundation Edward John Noble Foundation, Inc. The Alfred & Jane Ross Foundation The Tiffany & Co. Foundation We also welcome our new Philanthropy Eric and Jane Nord Foundation The Shelley & Donald Rubin Foundation Tiger Foundation New York members for 2013: Norman Foundation, Inc. May and Samuel Rudin Family Foundation Time Warner Inc. Office of Collegiate Church Corp. North Star Fund Russell Sage Foundation Corporate Responsibility The Educational Foundation of America NoVo Foundation The Fan Fox and Leslie R. Tinker Foundation, Inc. Foundation for Research Jessie Smith Noyes Foundation Samuels Foundation, Inc. The Laurie M. Tisch Illumination Fund to Prevent Blindness Ralph E. Ogden Foundation The Reba Judith Sandler Foundation Toshiba America Foundation PIMCO Foundation The O’Grady Foundation The Sandy River Charitable Foundation The Tow Foundation Royal Bank of Canada Foundation USA Open Society Foundations SC Group Toy Industry Foundation Summer Fund II

PHILANTHROPY NEW YORK 2012 ANNUAL REPORT 19

You Won’t Believe How Far Philanthropy New York Can Stretch a Dollar

INDEPENDENT AUDITOR’S REPORT To the Board of Directors of judgment, including the assessment of the risks of material FEBRUARY 25, 2013 Philanthropy New York, Inc. misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor We have audited the accompanying financial statements considers internal control relevant to the entity’s preparation of Philanthropy New York, Inc. (the “Organization”) which and fair presentation of the financial statements in order to comprise the statement of financial position as of December design audit procedures that are appropriate in the circum- 31, 2012, and the related statements of activities, functional stances, but not for the purpose of expressing an opinion on expenses and cash flows for the year then ended, and the the effectiveness of the entity’s internal control. Accordingly, related notes to the financial statements. we express no such opinion. An audit also includes evaluat- ing the appropriateness of accounting policies used and the Management’s Responsibility for the Financial Statements reasonableness of significant accounting estimates made by Management is responsible for the preparation and fair management, as well as evaluating the overall presentation presentation of these financial statements in accordance of the financial statements. with accounting principles generally accepted in the United States of America; this includes the design, implementation, We believe that the audit evidence we have obtained is and maintenance of internal control relevant to the prepara- sufficient and appropriate to provide a basis for our audit tion and fair presentation of financial statements that are free opinion. from material misstatement, whether due to fraud or error. Opinion Auditor’s Responsibility In our opinion, the financial statements referred to above Our responsibility is to express an opinion on these financial present fairly, in all material respects, the financial position statements based on our audit. We conducted our audit in of Philanthropy New York, Inc. as of December 31, 2012 and accordance with auditing standards generally accepted in the results of its activities and its cash flows for the year then the United States of America. Those standards require that ended in accordance with accounting principles generally we plan and perform the audit to obtain reasonable assur- accepted in the United States of America. ance about whether the financial statements are free from material misstatement. Other Matter The prior year summarized comparative information has An audit involves performing procedures to obtain audit been derived from the Organization’s 2011 financial state- evidence about the amounts and disclosures in the financial ments and, in our report dated March 1, 2012, we expressed statements. The procedures selected depend on the auditor’s an unqualified opinion on those financial statements.

PHILANTHROPY NEW YORK 2012 ANNUAL REPORT 21 STATEMENT OF FINANCIAL POSITION DECEMBER 31, 2012

2012 2011

ASSETS

Cash and cash equivalents $ 2,029,088 $ 1,177,158 Investments, at fair value 1,158,126 1,093,493 Membership dues and other receivables 20,507 64,710 Prepaid expenses 22,581 23,299 Property and equipment, net 4,905 63,845 Investments, at fair value — restricted 52,460 51,619

Total assets $ 3,287,667 $ 2,474,124

LIABILITIES AND NET ASSETS

LIABILITIES

Accounts payable and accrued expenses $ 155,778 $ 70,869 Unearned dues 126,000 144,950 Tenant’s security deposit payable 5,308 5,308

Total liabilities 287,086 221,127

NET ASSETS

Unrestricted Operating 540,627 309,193 Board-designated 919,639 919,639

Total unrestricted 1,460,266 1,228,832

Temporarily restricted 1,540,315 1,024,165

Total net assets 3,000,581 2,252,997

Total liabilities and net assets $ 3,287,667 $ 2,474,124

See notes to financial statements.

PHILANTHROPY NEW YORK 2012 ANNUAL REPORT 22 STATEMENT OF ACTIVITIES YEAR ENDED DECEMBER 31, 2012 (with summarized comparative financial information for 2011)

2012 2011

Unrestricted Temporarily Total Total Restricted

SUPPORT AND REVENUE Membership dues and grants Received in current year $ 1,181,155 $ 732,585 $ 1,913,740 $ 1,537,615 Released from restrictions 669,820 (669,820) — — 1,850,975 62,765 1,913,740 1,537,615 Grants 1,429,690 1,023,650 2,453,340 477,045 Program fees 4,655 — 4,655 300 Interest 4,270 — 4,270 4,536 Investment return 63,784 — 63,784 4,491 Rental 50,292 — 50,292 46,184 Management fees 83,321 — 83,321 27,275 Other 7,481 — 7,481 2,054 Net assets released from restrictions 570,265 (570,265) — —

Total support and revenue 4,064,733 516,150 4,580,883 2,099,500

EXPENSES Program services Member services 1,099,523 — 1,099,523 958,360 Communications and external relations 493,533 — 493,533 353,139 Collaborative programs 1,763,765 — 1,763,765 165,730 Total program services 3,356,821 — 3,356,821 1,477,229 Supporting services Management and general 398,461 — 398,461 464,078 Fund-raising 78,017 — 78,017 85,274 Total supporting services 476,478 — 476,478 549,352

Total expenses 3,833,299 — 3,833,299 2,026,581

Change in net assets 231,434 516,150 747,584 72,919

Net assets, beginning of year 1,228,832 1,024,165 2,252,997 2,180,078

Net assets, end of year $ 1,460,266 $ 1,540,315 $3,000,581 $ 2,252,997

See notes to financial statements.

PHILANTHROPY NEW YORK 2012 ANNUAL REPORT 23 STATEMENT OF CASH FLOWS YEAR ENDED DECEMBER 31, 2012

2012 2011

CASH FLOWS FROM OPERATING ACTIVITIES

Change in net assets $ 747,584 $ 72,919

Adjustment to reconcile change in net assets to net cash provided by operating activities Depreciation and amortization 58,940 109,080 Change in unrealized appreciation of investments (37,856) 17,408 Change in operating assets and liabilities (Increase) decrease in membership dues and other receivables 44,203 (41,937) Decrease in prepaid expenses 718 3,879 Increase (decrease) in accounts payable and accrued expenses 84,909 (15,539) Increase (decrease) in unearned dues (18,950) 19,500 (Decrease) in due to organization — (8,387)

Net cash provided by operating activities 879,548 156,923

CASH FLOWS FROM INVESTING ACTIVITIES

Purchases of investments (27,618) (2,923,817) Sales of investments — 2,900,000

Net cash (used in) investing activities (27,618) (23,817)

Net increase in cash and cash equivalents 851,930 133,106

Cash and cash equivalents, beginning of year 1,177,158 1,044,052

Cash and cash equivalents, end of year $ 2,029,088 $ 1,177,158

See notes to financial statements.

PHILANTHROPY NEW YORK 2012 ANNUAL REPORT 24 STATEMENT OF FUNCTIONAL EXPENSES YEAR ENDED DECEMBER 31, 2012 (with summarized comparative financial information for 2011)

2012 2011

PROGRAM SERVICES SUPPORTING SERVICES

Member Communications Collaborative Total Management Fundraising Total Total Total Services and External Programs Program and Supporting Relations Services General Services

PERSONNEL Salaries $ 519,242 $ 233,068 $ 94,679 $ 846,989 $ 188,170 $ 36,844 $225,014 $ 1,072,003 $ 769,876 Payroll taxes and employee benefits 140,268 62,961 15,214 218,443 50,832 9,953 60,785 279,228 225,307

Total personnel 659,510 296,029 109,893 1,065,432 239,002 46,797 285,799 1,351,231 995,183 OTHER Rent 188,416 84,572 — 272,988 68,281 13,370 81,651 354,639 320,664 Utilities 13,514 6,066 — 19,580 4,897 959 5,856 25,436 25,630 Postage, mailing and messenger 2,149 965 2,045 5,159 779 152 931 6,090 2,203 Printing and copying 3,207 1,439 4,349 8,995 1,162 228 1,390 10,385 7,121 Dues and subscriptions 28,732 12,897 3,287 44,916 10,412 2,039 12,451 57,367 42,550 Equipment rental and repair 4,991 2,240 — 7,231 1,808 354 2,162 9,393 10,203 Office related 23,734 10,654 6,229 40,617 8,601 1,684 10,285 50,902 40,416 Accounting and legal 8,755 3,930 52,206 64,891 3,173 621 3,794 68,685 10,860 Auditing 6,375 2,862 — 9,237 2,311 452 2,763 12,000 11,200 Staff travel and professional development 9,853 4,422 61,127 75,402 3,571 699 4,270 79,672 20,464 Meeting facilities and related 27,555 12,368 513,076 552,999 9,986 1,955 11,941 564,940 33,717 Typeset and design 5,284 2,372 1,185 8,841 1,915 375 2,290 11,131 483 Consulting 69,345 31,126 331,139 431,610 25,130 4,920 30,050 461,660 355,347 Telecommunications 9,369 4,205 2,461 16,035 3,395 664 4,059 20,094 17,137 Insurance 6,753 3,031 — 9,784 2,447 479 2,926 12,710 19,656 Other 667 299 6,768 7,734 243 47 290 8,024 4,667 Depreciation and amortization 31,314 14,056 — 45,370 11,348 2,222 13,570 58,940 109,080 Re-grants — — 670,000 670,000 — — — 670,000 —

Total $ 1,099,523 $ 493,533 $ 1,763,765 $ 3,356,821 $ 398,461 $ 78,017 $ 476,478 $ 3,833,299 $ 2,026,581

See notes to financial statements.

PHILANTHROPY NEW YORK 2012 ANNUAL REPORT 25 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2012

Note 1 — Organization and significant accounting policies Fair value measurements establish a hierarchy that prioritizes the inputs used to measure fair Philanthropy New York, Inc. (the “Organization”) is a not-for-profit organization incorporated value into three broad levels. All of the Organization’s investments are measured using Level 1 under the laws of the State of New York. The Internal Revenue Service has determined that inputs, which are defined as quoted prices in active markets for identical assets or liabilities that the Organization is exempt from income taxes under Section 501(c)(3) of the Internal Revenue the reporting entity has the ability to access at the measurement date. Code (the “Code”) and furthermore has been ruled not to be a private foundation under Section 509(a)(1) of the Code. Property and equipment are recorded at cost. The Organization capitalizes additions to prop- erty and equipment for items that have a useful life greater than one year and are in excess of a From 1979 to May of 2009, the Organization’s name was New York Regional Association of nominal amount. Grantmakers, Inc. (“NYRAG”). The Organization is a membership organization of foundations, corporate giving programs and other philanthropies in the metropolitan region and beyond. The Depreciation of furniture and equipment is being provided for by the straight-line method over Organization supports the practice of effective philanthropy for the public good through educa- the estimated useful lives of the related assets. Leasehold improvements are amortized over the tional activities, publications and communications. The Organization actively facilitates collabo- lesser of the life of the lease or estimated useful life. ration and information sharing and is a key provider of philanthropic knowledge in the region. The Organization’s financial instruments that are potentially exposed to concentrations of credit During 2012, the Organization continued in its role of fiscal sponsor for seven collaborative risk consist primarily of cash, cash equivalents, investments and receivables. The Organization programs in which some of its members are involved. The programs during 2012 were Asset places its cash and cash equivalents with what it believes to be quality financial institutions. At Funders, the New York Blacks in Philanthropy Network, The Veterans on Wall Street Project, times, balances may exceed federally insured limits. The Organization has not experienced any The Gbowee Peace USA Foundation, Cricket Island Capacity Building Project, The Man Up losses in such accounts and continued to mitigate some of the risk by purchasing certificates of Campaign and the Staten Island Sandy Non-Profit Recovery Fund. During 2012, these programs deposit through the use of the Certificate of Deposit Account Registry Service (“CDARS”) pro- added $2,536,661 to restricted and unrestricted grant revenue and $2,000,366 in expenses on gram at Carver Federal Savings Bank. The Organization invests in mutual funds and a separate the Organization’s Statement of Activities. These programs are temporary in nature and require certificate of deposit. The Organization’s investments are exposed to various risks such as mar- the support of an organization with a 501(c)(3) designation to carry out their fiscal functions. ket volatility, liquidity, interest rate and credit. Due to the level of uncertainty related to changes Because these programs are temporary in nature, they could create significant variances in the in these risks, it is reasonably possible that these risks could materially affect the fair value of Organization’s financial statements going forward. the investments reported on the statement of financial position as of December 31, 2012. The Organization’s management monitors the collectibility of its receivables. The Organization be- The Organization reports gifts of cash and other assets as restricted support if they are re- lieves no significant concentration of credit risk exists with respect to its cash, cash equivalents, ceived with donor stipulations that limit the use of the donated assets. When a donor restriction investments and receivables. expires, that is, when a stipulated time restriction ends or purpose restriction is accomplished, temporarily restricted net assets are reclassified to unrestricted net assets and reported in the Membership support is recognized when an organization commits to join or continue the statement of activities as net assets released from restrictions. Donor-imposed restrictions that Organization membership, generally indicated by its dues payment. Membership dues are are satisfied in the same reporting period are recorded as unrestricted. recognized as revenue over the applicable membership period. Membership dues receivable are reported at their outstanding unpaid balances. The Organization estimates that, based upon Cash equivalents consist of highly liquid investments with original maturities of 90 days or less. historical bad debts, no allowance for doubtful amounts is needed. Cash equivalents consist of money market funds. Advertising and promotional costs are charged to operations when incurred. Investments are stated at fair value, which are based on publicly quoted market values with the resulting change in unrealized appreciation or depreciation included in investment return on the The preparation of financial statements in conformity with accounting principles generally ac- statement of activities. cepted in the United States of America requires the use of estimates by management. Actual results could differ from these estimates.

PHILANTHROPY NEW YORK 2012 ANNUAL REPORT 26 NOTES TO FINANCIAL STATEMENTS (continued) DECEMBER 31, 2012

The financial statements include certain prior-year summarized comparative information in Note 4 — Property and equipment, net total but not by net asset class or functional classifications. Such information does not include Property and equipment, net, at cost, consist of the following as of December 31, 2012: sufficient detail to constitute a presentation in conformity with accounting principles generally Depreciation/ accepted in the United States of America. Accordingly, such information should be read in con- Amortization junction with the Organization’s financial statements for the year ended December 31, 2011 from Period which the summarized information was derived.

The Organization has evaluated events and transactions for potential recognition or disclosure Furniture and fixtures $ 130,903 5 years through February 25, 2013, which is the date the financial statements were available to be is- Office equipment and computers 337,627 5 years sued. Leasehold improvements 556,448 7 years 1,024,978 Certain items in the 2011 financial statements have been reclassified for comparative purposes only. Less accumulated depreciation and amortization (1,020,073) Note 2 — Membership $ 4,905 As of December 31, 2012 and 2011, the Organization has 281 and 281 members, respectively. Note 5 — Board-designated reserve In April 2009, the Board of Directors adopted a policy directing the Organization to maintain a Note 3 — Investments at fair value reserve of unrestricted net assets that will provide cash flow security in the event of a tempo- The Organization’s investments, which are valued based on public market quotations, rary shortfall; accommodate unusual or unforeseen emergency cash requirements or temporar- consist of the following as of December 31, 2012: ily seed projects in anticipation of grant or special supporting funds.

Fair Value In the event that the Organization needs to use reserve funds, management will alert the Finance and Executive Committees prior to withdrawing funds from the reserve; inform these Commit- Equity and income mutual fund $ 769,331 tees of the basis of the need and proposed timeframe to replenish the reserve and request the Federal mutual fund 84,256 approval of the Executive Committee for the amount and use of the reserve funds. Certificate of deposit – 60 months 52,460 Certificates of deposit (“CDARS Program”) 304,539 As of December 31, 2012, the reserve is $919,639. Total $ 1,210,586

Consists of: Current operations $ 1,158,126 Restricted for lease agreement 52,460 Total $ 1,210,586

The following is a summary of the investment return for the year ended December 31, 2012:

Dividends and capital gains distributions $ 25,928 Change in unrealized appreciation of investments 37,856 Total $ 63,784

PHILANTHROPY NEW YORK 2012 ANNUAL REPORT 27 NOTES TO FINANCIAL STATEMENTS (continued) DECEMBER 31, 2012

Note 6 — Temporarily restricted net assets Note 8 — Commitments The transactions in the temporarily restricted net assets during the year ended December 31, 2012 were as follows: The Organization entered into a sublease agreement in January 2005 for its office space at 79 Fifth Avenue, New York. The lease provides for additional payments based on increases in real Balance at Additions Net Assets Balance at estate taxes and operating expenses. In 2010, the Organization entered into a lease extension December 31, Released December 31, agreement with the Foundation Center expiring in June 2015. Minimum future obligations under 2011 from 2012 the lease, exclusive of required payments for increases in real estate taxes and operating Restrictions expenses, are included in the table on the next page.

Membership support $ 637,678 $ 732,585 $ (669,820) $ 700,443 The Organization has a sublease arrangement with a nonprofit organization for space in its new Educational Reform Review — 130,000 (5,380) 124,620 office. During January 2012, this sublease arrangement was renewed and expires in June 2015. Public Policy 51,511 40,000 (57,414) 34,097 The revenue generated from this agreement is also included in the table below. Website Redesign 26,667 40,000 (15,377) 51,290 The EngAGEment Initiative 19,203 — (18,565) 638 Year Ending 79 Fifth Sublease Net Diversity in Philanthropy 5,301 — (5,000) 301 December 31 Avenue Revenue Renovo Grant — 7,500 — 7,500 Young Leaders Breakfast Club — 5,000 (2,495) 2,505 2013 $ 303,925 $ 36,849 $ 267,076 Capacity Building 43,189 — (43,189) — 2014 328,716 39,855 288,861 Essential Building — 9,400 (4,708) 4,692 2015 167,480 20,306 147,174 Strategic Planning 1,441 — — 1,441 Total $ 800,121 $ 97,010 $ 703,111 Total Philanthropy New York $ 784,990 $ 964,485 $ (821,948) $ 927,527

Fiscal Sponsor Projects As part of Organization’s lease agreement in lieu of a cash deposit, it obtained an active letter Asset Funders Network 239,175 381,750 (373,783) 247,142 of credit, which is collateralized by a 60-month certificate of deposit amounting to $52,460 that Cricket Island Capacity is included in investments. Building — 20,000 (20,000) — Man Up Campaign — 25,000 (24,354) 646 Note 9 — Tax status Staten Island Sandy Non- As of December 31, 2012, no amounts were recognized for uncertain income tax positions. Profit Recovery Fund — 365,000 — 365,000 In addition, the Organization’s tax returns for 2009 and forward are subject to the usual review Total Fiscal Sponsor by the appropriate authorities. Projects 239,175 791,750 (418,137) 612,788 Total $ 1,024,165 $ 1,756,235 $ (1,240,085) $ 1,540,315

Note 7 — Retirement plan The Organization maintains a qualified defined contribution 403(b) retirement plan providing annuity retirement coverage for all eligible employees. Employer contributions were up to 13% of each participant’s annual compensation. Employer contributions during the year ended December 31, 2012 amounted to $91,059.

PHILANTHROPY NEW YORK 2012 ANNUAL REPORT 28 21 Board Members and 12 Staff Who Thank You for Your Support

BOARD OF DIRECTORS Anisa Kamadoli Costa Joan Steinberg COMMUNICATIONS & PUBLIC POLICY OFFICERS President Managing Director Michael Hamill Remaley The Tiffany & Co. Foundation Morgan Stanley Community Affairs, Mark Bodden, Chair Vice President, Communications & Public Policy Morgan Stanley Foundation Vice President/Director Stephen Foster Yves H. Etheart Rudin Foundations President and CEO Lynn Thoman Manager, Communications & Public Policy The Overbrook Foundation Co-Chair Lori Bezahler, Vice Chair Leon Lowenstein Foundation, Inc. MEMBER SERVICES President James R. Knickman Jason McGill Edward W. Hazen Foundation President and CEO Marlyn Torres Vice President, Member Services New York State Health Foundation Assistant Vice President, Senior Program Officer Leisle Lin, Vice Chair New York Life Foundation Kristen M. Ruff Ken Monteiro Senior Vice President, Finance and Operations Director, Member Services Alfred P. Sloan Foundation Assistant Secretary & Associate General Counsel Geraldine Watson Ford Foundation Vice President for Finance & Operations Nadia Lagani-Montiel Diana Davenport, Secretary Rockefeller Brothers Fund Manager, Member Services Vice President of Administration Yvonne Moore The Commonwealth Fund Executive Director Gay Young LEARNING SERVICES Daphne Foundation Vice President of Donor Services Beeta Jahedi Philip Li, Treasurer The New York Community Trust Assistant Director, Learning Services Chief Administrative Officer Melanie Mortimer The Century Foundation Executive Director The PNY Board of Directors remembers with Crystal M. Ovalles SIFMA Foundation great fondness the William T. Grant Founda- Learning Services Associate MEMBERS tion’s Larry Moreland, who passed away on Cynthia Rivera Weissblum June 10, 2012. His seven years of leader- Jay Beckner President and CEO ship on the board included two years as its PHILANTHROPY NEW YORK President Edwin Gould Foundation Treasurer. WOULD LIKE TO THANK: Mertz Gilmore Foundation Laura A. Robbins ————— Our Board of Directors. Rohit Burman Consultant ————— Executive Director, Europe, LARC-Laura A. Robbins Consulting STAFF Our Committee Chairs and members The Middle East and Africa Programs Elizabeth Sak EXECUTIVE who served on a Philanthropy New M•A•C AIDS Fund Executive Director Ronna Brown York committee in 2012. ————— The Cricket Island Foundation President Everyone who organized and/or Nur Ibrahim participated in a Philanthropy Executive Coordinator New York program this year. ————— ADMINISTRATION & FINANCE The contributors to our blog, Smart Assets. Katy Toolin ————— Chief Financial Officer All of our colleagues and peer organizations who worked with Ramona Gadsden us on programs and initiatives Administrative Associate over the past year. Daisy Martinez ————— Reception/Administrative Assistant All of our members, for their engagement and their ongoing support.

PHILANTHROPY NEW YORK 2012 ANNUAL REPORT 29 @PhilanthropyNY

#PNYpeople (From Front Cover)

from left to right: * Christopher Oechsli, The Atlantic Philanthropies; Christopher Stone, Open Society Foundations; Lori Bezahler, Edward W. Hazen Foundation Fred Frelow, Ford Foundation; Gay Young, The New York Community Trust; Jasmine Thomas, Citi Foundation Kyung Yoon, Korean American Community Foundation; Michael Gilligan, Henry Luce Foundation; Phillip Henderson, Surdna Foundation James Knickman, New York State Health Foundation; Pam Flaherty, Citi Foundation; Rohit Burman, M•A•C AIDS Fund Cassisus Johnson, Carnegie Corporation of New York; Phil Li, The Century Foundation; Doug Bauer, The Clark Foundation Diana Davenport, The Commonwealth Fund; Tim McClimon, American Express; Anika Rahman, Ms. Foundation for Women Leisle Lin, Alfred P. Sloan Foundation; Clara Miller, F. B. Heron Foundation; Yvonne Moore, Daphne Foundation

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Phone 212.714.0699 Fax 212.239.2075 Philanthropy New York Staff, December 2012 www.philanthropynewyork.org